A Plan to Increase Latino Wealth by $2 Trillion

Commentary by Nayeli Pelayo According to the National Association of Hispanic Real Estate Professionals (NAHREP) and the Hispanic Wealth Project, a non-profit 501(c)(3) with a mission to financially and educationally empower the Hispanic community in America, the tide has turned for Latinos in the U.S. The organizations recently released a joint report showing that for…

Upcoming loan officers ready for the market?

Only 20% speak a second language As many of the mortgage industry’s loan officers get ready to retire, a recent survey shows upcoming loan officers may be unprepared. A recent survey by XINNIX, which helps to train mortgage lending professionals, shows that only 20% of loan officers entering the workforce indicated they spoke a language…

Is Ginnie Mae the Answer to GSE Reform?

As the GSE conservatorship surges forward with little promise of reform, many in the industry cannot help but wonder what will happen next. Gary Acosta, Co-founder and CEO of theNational Association of Hispanic Real Estate Professionals (NAHREP), Jim Park, CEO of the Mortgage Collaborative, and Joseph J. Murin, Vice Chairman of Chrysalis Holding LLC and Chairman…

Advocates Defend Castro, But. . .

A coalition of 14 civil rights groups and housing advocacy groups had some harsh criticism for HUD Secretary Julián Castro earlier this month as they labeled HUD’s Distressed Asset Stabilization Program (DASP) a “Wall Street giveaway” for its tendency to sell delinquent mortgage loans to investors and private equity firms. Some of the groups—even some…

NAHREP: Housing Department needs to provide lenders with greater certainty and clarity

Secretary of Housing and Urban Development (HUD) Julian Castro has recently been the subject of harsh criticism from a handful of non-profit groups in connection to his department’s administration of the Distressed Asset Stabilization Program (DASP). Implemented in 2012, a full two years before Secretary Castro’s appointment, the program was designed to maximize recovery to…

How to engage with Hispanic realtors

With the number of Hispanic home owners in the United States rising, one leading brand has recognised the community’s significant economic influence and purchasing power. RE/MAX representatives have been attending and taking part in the 2016 National Association of Hispanic Real Estate Professionals (NAHREP) annual policy conference in Washington DC. RE/MAX agents dominated the 2015…

Hispanic homeownership on the rise

There’s been much focus on millennials and their importance on the housing market, but when we look at where homeownership growth has been the strongest, it’s among Hispanics, including Hispanic millennials. In fact, 2015 marked the fifth consecutive year that Hispanic homeownership has been on the rise, according to the recently released State of Hispanic…